Working with Business Owners

Pensions

As a business owner, you will need to save for your own retirement and consider inheritance planning. A pension is one of the most tax-efficient ways of doing this.

Through understanding your requirements and researching the market we will identify the options available to you. Because we keep up-to-date with changes to pension regulations, we can then guide you through the complex range of options towards the ideal arrangement for you.

Business Protection

We believe that business protection is one of the best ways to safeguard the future of your business.

Key Person Cover

Protect your profits if you lose an employee through death, disability or severe illness. Many businesses find that certain key individuals are responsible for a large part of their profits. Losing one of them can have a serious impact on the health of the business.

With Key Person Cover, you can keep the impact of their absence to a minimum. If the key person were to die or suffer from a severe illness, the policy pays a lump sum to make up for any loss in revenue or profits, thereby keeping the business on track.

Shareholder or Partnership Cover

Keep control of your business if a shareholder or business partner dies or suffers a severe illness. If one of your business owners dies or suffers a severe illness, their share of the business will usually pass to their beneficiaries. To regain full control of the business, the surviving business owners will need to buy the deceased’s or incapacitated individual’s share of the business to keep control. Many businesses will not have the available capital to do this.

Shareholder and Partner Protection will provide a lump sum if a business owner dies or suffers a severe illness. This lump sum provides the capital to enable the surviving business owners to purchase the deceased’s or incapacitated individual’s share of the business — allowing them to keep control of their business.

Loan Protection

Cover your business loans if a shareholder or a business partner dies or suffers a severe illness. If one of your business owners dies or is suffering from a severe illness, lenders may have the right to demand that you pay back any outstanding loans. These could be difficult to pay off at short notice. Our Loan Protection solution means you won’t have to worry. If a business owner dies or becomes seriously ill, it provides a lump sum to cover your business loans.

Business Premises

Successful businesses may outgrow their existing locations. DFM can offer guidance if you are looking to expand or move commercial properties. We can help you through the commercial mortgage market so that you can secure the best tax-efficient deal in acquiring your new premises.

Acquisitions

We have experience working with external specialists whose role is to raise funds for growth. If this is a part of your plan for expanding your practice we can work closely with you on this.

DFM Financial Planning Ltd is an appointed representative of Opus Independent Financial Planning Ltd. Registered in England & Wales Number 07304649. Opus Independent Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority. FCA No: 529492.

Registered Address: DFM Financial Planning Ltd, 7 Arden Court, Arden Road, Alcester, Warwickshire, England, B49 6HN. Registered in England & Wales, No. 11480293.

Neither DFM Financial Planning Ltd nor its representatives can be held responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning.

The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

Please read our Privacy Notice before completing any enquiry form or before sending an email to us.

COMPLAINTS PROCEDURE & FINANCIAL OMBUDSMAN SERVICE (FOS)

If you have any complaint about the firm, or a service we have provided, please let us know by writing to the following address or by email or telephone: Mr B Rees, Opus Independent Financial Planning Limited of 1 Coleshill Street, Sutton Coldfield, West Midlands, B72 1SD, info@opusifp.com, or 0121 354 4034

We promise to deal with your complaint in a fair and objective manner. We will provide you with a copy of our formal complaints procedure upon request or upon receipt of a complaint. If we are unable to resolve a complaint to your satisfaction you will usually have the right to take your complaint to the Financial Ombudsman Service www.financial-ombudsman.org.uk/ . The Financial Ombudsman Service is a free and easy-to-use service that settles complaints between consumers and businesses that provide financial services. They resolve disputes fairly and impartially.

FINANCIAL SERVICES COMPENSATION SCHEME (FSCS)

We are covered by the Financial Services Compensation Scheme (FSCS) and you may be entitled to compensation from the scheme if, for any reason, we cannot meet our obligations. This will depend on the type of business and the circumstances of the claim.

Investments – Most types of investment business are covered up to a maximum limit of £85,000. Insurance – Advising and arranging are covered for 90% of the claim, without any upper limit. For compulsory classes of insurance, advising and arranging is covered for 100% of the claim, without any upper limit.

Where it is appropriate to do so, we may recommend products or funds that are not based in the UK. In the event that the providers of such funds are unable to meet their obligations, these are not covered by the FSCS compensation arrangements. If the product or fund is based in the European Economic Area (EEA), you may be covered by the local investor compensation scheme. We will make you aware if our recommendation includes such products or funds.

Further information about the compensation scheme arrangements is available from the FSCS www.fscs.org.uk/consumer.